Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to The Company's Goodwill

The following is the summary of changes to the Company's Goodwill for the three months ended March 31, 2021:

	Industrial			Agricultural			Consolidated
(in thousands)
Balance at December 31, 2020		$	181,338		$	13,794		$	195,132
Translation adjustment		(848)			(259)			(1,107)
Balance at March 31, 2021		$	180,490		$	13,535		$	194,025

Schedule of Definite and Indefinite Lived Intangible Assets

The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:

(in thousands)	Estimated Useful Lives	March 31, 2021			December 31, 2020
Definite:
Trade names and trademarks	15-25 years		$	67,374		$	67,770
Customer and dealer relationships	8-15 years		122,395			122,470
Patents and drawings	3-12 years		28,607			28,764
Favorable leasehold interests	7 years		4,200			4,200
Total at cost			222,576			223,204
Less accumulated amortization			(39,121)			(35,532)
Total net			183,455			187,672
Indefinite:
Trade names and trademarks			5,500			5,500
Total Intangible Assets			$	188,955		$	193,172